Flint Corporation has protecfinancial Income (or loss) from 2013 through 2021 follow Income (Low) Tax Rate 2015 $73,000 25% 2016 (105,000) 20% 2017 125,000 20% 2010 45,000 20% 2017 187,300 20 % 2020 (90,000) 25 % 2021 190,000 25 56 Protaxfinancial Income) and taxable income() were the same for all years since Flint has been in busince. In recording the benefits of a loss carryforward, assume that its more ly than not that the related benefits will be realized. (a) Your answer correct What entice for income tax should be recorded for 20167 Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts) Account Titles and Explanation Deferred Tox In Tax Ex *Textbook and Media List of Accounts Using multiple attempts will Impact your scorc 5% core reduction after attempt (b) (c) Your answer correct Debit 21000 Credit 21000 Attempte: 1 of Indicate what the Income taxx open portion of the income statement for 2016 should look small income (x) relates (451) to continuing operations. Enter negative amounts using either a negative sign preceding the number eg-45 or parentheses Flint Corporation Income Statement (Partial) Furee Year Ended December 22, 2016 Income Tax R Deferred Newcom *Textbook and Media List of Accounts Using multiple attempts will Impact your score 5% core reduction after attempt 1 $ -105,000 35000 -84000 Attempt 1 of 2 and What entry for Income tax should be recorded in 20177 (Credit account titles are automatically indented when amount is entered Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Account Titles and Explanation *Textbook and Media List of Accounts Debit Credit Using multiple attempts will Impact your score. 5% core reduction after attempt Attempts: 0 of used Sub Arewar